To start with, removing the surcharge on the so-called ‘Super Rich’ for unlisted shares and making them at par with listed shareholders.

Startups giving loans and advances, investing in shares or securities or making capital contributions are not yet eligible for exemption.

In order to channel domestic and foreign risk capital for startups, there is a need for complete tax-parity on Capital Gains for investments in listed and unlisted securities.

This pool in yesteryears was creating jobs by investing in the public sector, whereas today's job-creators are venture capital and private equity funds.

(The writer is MD, YourNest Venture Capital.) | To read full story, visit https://startuparound.com/read/1580446805.9369054/Creating-a-win-win-budget:-Spurring-India’s-startups?ref=audio_experience